FCPO price has been fallen 862 points from peak of 3150 to 2288 (10/01/2020 - 28/02/2020).
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
PRZ = 2288
HOP = 2176
TP1 = 2617
TP2 = 2821
Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
PRZ = 2288
HOP = 2176
TP1 = 2617
TP2 = 2821
Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
Note
A Bearish Bat formed in 30M TFNote
RSI is coming out of oversold zone in hourly chart. May consider a long position if the price closed above PRZ @ 2288.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.